First Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: *
Location: Nauvoo, Illinois (40.550, -91.385)

Metadata

Model: gpt-5-mini
Short Digest: 1caf1826

Response Measures

None

Description

Article (1930-11-13) reports the cashier of the 'closed First Trust and Savings bank of Nauvoo' was convicted for forgery and embezzlement in connection with the suspension of the institution. No run is mentioned; the suspension appears tied to bank-specific malfeasance and the bank remained closed.

Events (1)

1. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension connected to cashier George Cachroth's forgery and embezzlement uncovered at the bank; criminal case led to conviction and bank closure.
Newspaper Excerpt: George Cachroth, cashier the closed First Trust and Savings bank of Nauvoo, guilty... in connection the suspension of the institu...
Source: newspapers

Newspaper Articles (1)

1. November 13, 1930 Daily Republican-Register Mount Carmel, IL

Article from Daily Republican-Register, November 13, 1930

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Article Text

JAIL GVEN CASHIER FOR EMBEZZLEMENT (United Press) CARTHAGE, Nov. George Cachroth, cashier the closed First Trust and Savings bank of Nauvoo, guiltoday to counts of forgery in connection the suspension of the instituwas sentenced to one to years the state prison the forgery counts and one 10 years the embezzlement charges.